Invesco, one of the world’s largest asset managers, is bullish on Indian government bonds despite a delay in their inclusion in a key Bloomberg index and favours longerdated debt, a senior fund manager said.
The bonds will mature in August 2031, with ICICI Bank using the proceeds for general corporate purposes. S&P has assigned the issue a ‘BBB’ rating.
The government will sell a 3% stake in Hindustan Copper through an OFS at a ₹514 floor price, a 9.5% discount to Monday’s close, with a green-shoe option taking the potential stake sale to 6%.
Indian equities surrendered early gains to end lower on Monday, dragged by financial stocks and PSU banks. Metals limited losses, while midcaps outperformed. Stock-specific moves in Vishal Mega Mart, BLS International and Shanti Gears also kept investors busy.
Skyways Air Services plans to use ₹216 crore of IPO proceeds to reduce debt and expects ₹16-18 crore in interest savings this year, CMD Yashpal Sharma said.
Ramco Cements will no longer pay the ₹160-per-tonne tax on limestone in Tamil Nadu, offering cost relief at a time when higher input expenses have weighed on margins.
Harshal Barot, Senior Consultant-South Asia & Middle East at Metals Focus, said Indian silver demand remains weak, with fabricators and bullion dealers still holding stocks after strong imports earlier this year. He expects gold to remain the stronger precious-metal play…
The deal brings MHP’s 4,500 employees into TCS and is tied to a broader five-year partnership to deploy AI across Porsche’s engineering, manufacturing and operations.
Despite being India’s largest electronics manufacturer, it isn’t obvious that Dixon would definitely be able to make the most of the new incentives, according to analysts.
Godrej Industries Group has signed an MoU with the Haryana government to invest around ₹20,000 crore in the state, with the proposed investments spanning real estate and infrastructure and expected to create approximately 40,000 jobs.